Earnings
Robinhood’s crypto revenue plunged 38%, but a sudden explosion in options trading saved its record quarter
Robinhood spent years building a blockchain for serious Wall Street assets, but a viral cat coin just hijacked its whole plan.
Sentiment: Neutral
Latest stories
Analysis
Zcash fixed the flaw that nearly halved ZEC, and $926 million in leverage now tests the rebound
Zcash’s Ironwood upgrade puts ZEC’s $500 recovery against $926 million in open interest and the risk of a derivatives-led reversal.
Technology
As Ethereum turns 11 years old it hosts $148B in stablecoins, but daily mainnet revenue just fell to $330k
Ethereum enters its second decade facing four tests around ETH value capture, rollup cohesion, ecosystem leadership and neutral scaling.
Bankruptcy
Why 37 million Celsius bankruptcy shares are blocked from an immediate cash-out despite Nasdaq debut
IOND closed its first session at $62.90, while broker transfers and securities restrictions still shaped practical liquidity.
Bankruptcy
FTX’s $900M payout drops Friday, triggering 6-month countdown for creditors to onboard or forfeit funds entirely
Creditors who cleared June 16 requirements should be paid within three business days; allowed claim holders still awaiting provider onboarding may forfeit distribution rights.
ETF
Hyperliquid’s token is tanking as ETF investors flee, so why does Grayscale think it is massively undervalued?
The July outflows contrast with Grayscale’s view that Hyperliquid’s revenue and buybacks support a higher token valuation.
ETF
Forget ETF flows, Bitcoin’s real threat is a hidden $39,900 liquidation wall
Behind Wall Street’s $67 billion Bitcoin experiment lies a math problem that triggers at $39,900.
Macro
Three Fed officials just voted for a rate hike as Bitcoin hangs by a thread on a $62,000 shelf
Three hawkish dissents, rising oil and weak market liquidity put Bitcoin’s $62,000 support on watch ahead of the September Fed meeting.
Digital Asset Treasuries
“There’s no free money forever”: Twenty One Capital’s new CEO warns the Bitcoin treasury playbook is dying
Raphael Zagury says mining and other cash-generating businesses could deliver better risk-adjusted returns measured in Bitcoin.
Digital Asset Treasuries
Hyperscale Data sits on $71 million in Bitcoin with a $56 million market cap – Here is why its not a bargain
Historical liabilities, preferred claims, restricted crypto and prospective dilution stand between the gross asset value and common holders.
ETF
Morgan Stanley is using $7.4 trillion in client assets and rock-bottom fees to hijack Wall Street’s crypto boom
MSSE captured more than a third of daily Ethereum ETF inflows, while both funds entered with fees below most staking rivals.
Mining
Core Scientific lost 56% on Bitcoin mining but $80M in profit from its pivot to AI hosting
The Q2 split favored colocation, although management did not say conversion had become compulsory.